At the time we acquired Viacom, everyone said I had overpaid. But even at today's depressed prices, that investment is worth billions. Everyone was saying MTV was a fad. I knew better.

It was always tough, but today we are in the throes of something we have never seen in our history. It's clear in recent times the market is looking for a bottom.

Success is not built on success. It's built on failure. It's built on frustration. Sometimes its built on catastrophe.

The information superhighway is a dirt road that won't be paved over until 2025.

I love Viacom. I love CBS. And so I don't want to die. I have a will to live. The same will to win that I've always had. And — I'm gonna fight death as long as I can. I like it here. I don't want to go anywhere else.

I will believe in the 500-channel world only when I see it.

Great success is built on failure, frustration, even catastrophe.